LIFO

Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales tram for March Units Sold at Retail Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals Units Acquired at Cost 210 units @ $53.20 per unit 280 units@ $58.20 per unit 140 units@ $63.20 per unit 260 units@ $65.20 per unit 370 units@ $88.20 per unit ces 240 units@ $98.20 per unit 610 units 890 units 3. Compute the cost assigned to ending inventory using (a) FIFO. (b) LIFO. (c) weighted average, and (d) specific identifica specific identification, the March 9 sale consisted of 120 units from beginning inventory and 250 units from the March 5 F March 29 sale consisted of 100 units from the March 18 purchase and 140 units from the March 25 purchase